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Catlyst-backed Videology receives credit facility to expand

Videology Takes Out An $80M Credit Facility To Advance Its TV Platform

By Kelly Liyakasa

Videology revealed Wednesday that it received an $80 million credit facility from lending and payment services provider FastPay and Tennenbaum Capital.

Since its founding a decade ago, Videology has raised about $121 million in capital financing, but at this advanced stage in the company’s lifecycle, it didn’t necessarily make sense to raise another round of costly VC capital, said Videology CEO Scott Ferber.

“We went after an $80 million credit facility because we see more opportunity to do for our linear TV clients what we did with digital – which is to make [transactions] more fluid,” said Ferber, noting that a credit facility will provide Videology more liquidity with which to expand its advanced TV business globally.

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Press Releases

BrightFarms names Dean Martel VP of Sales

Martel comes from food technology company It’s Fresh! He previously worked for 16 years at Fresh Express, subsidiary of Chiquita that specializes in bagged salads. He will be responsible at BrightFarms for developing partnerships with supermarkets and for sales and account management.

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